Location: All Region - Northeast II (DC DE MD NJ NY PA)
Mission(s): Economic Development
Salary: $90,000/Yr - to - $100,000/Yr
Job Type: Full Time
Posted On: Dec 15, 2023

Education: Bachelor's Degree
Career Level: Management (Manager/Director/Supervisor)
Nonprofit Experience: 2-10 Yrs


The Montgomery County Economic Development Corporation (MCEDC) brings a big and bold approach to achieving greater economic competitiveness and prosperity across Montgomery County, MD. 

A 501(c)(3) nonprofit corporation with a fresh public/private perspective, entrepreneurial spirit, and proactive approach to economic development, the MCEDC is focused on maximizing Montgomery County’s rich diversity of people, talent, and business expertise to keep the county at the leading edge of today’s competitive economic development environment. 

Overseen by a Board of Directors with both public and private sector representation, the MCEDC is committed to growing the county’s vibrant business community and leveraging current strengths and advantages to build an even stronger, more stable, and diverse future economy that benefits all members of the community. 

The Accounting Manager is a full-time, key member of MCEDC’s operations team. Reporting to the VP of Operations, the Accounting Manager will be responsible for oversight of all finance, accounting and reporting activities. The Accounting Manager will help to support the board Finance and Audit Committee and will work closely with the senior leadership team.

The Accounting Manager will lead day-to-day finance operations including accounting, accounts payable, accounts receivable, payroll, and grants administration. The Accounting Manager will ensure that MCEDC has the systems and procedures in place to support effective program implementation and conduct flawless audits. The Accounting Manager will work closely with senior leadership and their staffs, not only to educate them regarding finance and accounting procedures but also to explore how the finance function can support program operations.

Essential Functions/Duties/Tasks:

  • Oversee all accounts, ledgers, and reporting systems ensuring compliance with appropriate GAAP standards and regulatory requirements on a monthly basis.
  • Prepare monthly financial statements (including a Statement of Activities and Statement of Position) for distribution to internal stakeholders and Board of Directors.
  • Conduct variance analysis linking to relevant operational data; monitor progress and changes and keep senior leadership abreast of MCEDC’s financial status.
  • Maintain internal control and safeguards for receipt of revenue, costs, and program budgets and actual expenditures.
  • Coordinate all audit activity (reconciliations, schedules, etc.) necessary to complete timely annual audits.
  • Support the administration and tracking of the Accelerating Community Excellence (ACE) Loan Program.
  • Consistently analyze financial data and present financial reports in an accurate and timely manner; clearly communicate monthly, quarterly, and annual financial statements.
  • Assist MCEDC’s leadership in the annual budgeting and planning process; administer and review all financial plans and compare to actual results with a view to identify, explain, and correct variances as appropriate.
  • Support the Vice President of Operations in engaging the board’s audit and finance committees around issues and trends in financial operating models and delivery.
  • Oversee all financial, project/program and grants accounting; ensure that expenditures are consistently aligned with grant and program budgets throughout the grant/fund period; collate financial reporting materials for government, corporate, and foundation grants;
  • Manage organizational cash flow forecasting by working in partnership with senior leadership; continuously collaborate with program vice presidents to assess the financial efficacy of program operations and establish finance and administrative systems to support program operations.
  • Prepare or direct the preparation of all information, reports, schedules, analyses, etc. required for the timely and efficient completion of the 990.

Required knowledge, skills, and abilities:

  • Seven to ten years of accounting and finance experience, audit, followed by experience gathering, evaluating, presenting and reporting financial information to executive teams and external stakeholders
  • Solid experience coordinating audit activities and managing reporting, budget development and analysis, accounts payable and receivable, general ledger, payroll, and accounting for investments
  • A track record in grants management as it relates to compliance and reporting of government, corporate and foundation grants is essential
  • Keen analytic, organization and problem-solving skills which allows for strategic data interpretation versus. simple reporting
  • Strong interpersonal and communication skills; experience in effectively communicating key data, including presentations to senior management, board or other outside partners
  • Ability and desire to translate complex financial concepts to individuals at all levels including finance and non-finance managers

Preferred education and experience:

  • CPA preferred
  • Experience working in an entrepreneurial environment
  • 10+ years of relevant experience

Description of physical demands and work environment:

  • Must be able to use office equipment and computers
  • Position may require moderate lifting of supplies and materials from time to time
  • The working environment is a general office environment with a moderate noise level

Job Type: Full-time, Exempt
Job Location: Hybrid/Montgomery County, MD
Salary: $90,000-$100,000

To apply, please submit resume and cover letter. Applications without a cover letter will not be considered.

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